Arlington, VA

$29,500,000 First Mortgage

In July 2026, a $29.5 million first mortgage acquisition and stabilization loan was originated for a Class A office property located at 4100 North Fairfax Drive in Arlington, Virginia. The approximately 257,000-square-foot office building was 29% occupied at closing and was acquired for $29.0 million, significantly below replacement cost. The financing includes future funding to support leasing costs, capital improvements, and property stabilization as the sponsor executes its business plan to increase occupancy and reposition the asset.

The property is located in Arlington's Ballston submarket, one of the Washington, D.C. region's most established office markets. The area benefits from strong transit connectivity, a highly educated workforce, and sustained demand from defense contractors, cybersecurity firms, technology companies, and government-related tenants. Ballston's continued mixed-use development and proximity to Washington, D.C. support long-term office demand and institutional investment.

The business plan focuses on leasing the property's substantial vacancy and enhancing cash flow through targeted capital improvements and tenant leasing initiatives.